3126 Lone Tree Way - Apartments FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$3,950,000 USD
510-725-4775
3126 Lone Tree Way, Antioch, CA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/25
null | 5.9% Cap Rate

3126 Lone Tree Way
Antioch, CA 94509
Pittsburg/Antioch


HIGHLIGHTS

  • Ideal Unit Mix Comprised of Fourteen 2bd/1bth and Two 3bd/2bth Units
  • Building Entirely Remodeled Inside and Out Within Last Five Years - New Roof, Fully Renovated Units, etc.
  • Private Balconies, Covered Parking, and Easy Additional Revenue Through Implementation of RUBS & Storage Income Maintenance
  • Up and Coming Area Near Shopping and Commercial Buildings & New Developments
  • Low Annual Expenses All Units Separately Metered for Water, Gas, & Electric
  • Well Located Close to Shopping, Dining, and Public Transportation- Costco and Antioch BART 1.5 Miles Away

OVERVIEW

3126 Lone Tree Way presents the opportunity to own a completely remodeled sixteen unit apartment building. Boasting an ideal unit mix of fourteen 850 Sq Ft 2bd/1bth units and two 1150 Sq. Ft. 3bd/2bth units, the property is fully occupied getting high income only slightly below market. Recent improvements include new roof, dual pane windows, remodeled units with new floors, cabinets, appliances and fresh interior and exterior paint. Additionally, the property features private patios, covered parking, and storage space which provides supplemental income for the owner. All units are separately metered for gas, electric, and water providing lower annual expenses. The property is well located near shopping, dining and the Antioch BART station. EMAIL: INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

16

PRICE/UNIT

$246,875

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lone Tree Meadow

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

RES

APN/PARCEL ID

071-094-032-1

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.